Hupzy (Spot On Chain)|Jun 05, 2026 09:54
📈 Two whales accumulated ~$92M in 𝗘𝗧𝗛 within 24 hours — 7 Siblings bought 32,919 ETH ($58M) at $1,762, and whale 0x466a leveraged $34M via Aave to buy 20,201 ETH at $1,683.
𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: This cluster of leveraged longs creates a potential support zone at $1,680–$1,760. If ETH holds, these entries become a bid wall. If it breaks through, forced liquidation from both positions could accelerate the move lower. The 7 Siblings are already underwater by $2.8M — averaging down, not capitulating.
Verify: https://arkm.com/explorer/address/0xC70Ad21c69cbF3631637F2796A42E94c42013810
--source: https://x.com/lookonchain/status/2062834097291190376
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